# Financial Institutions (GFI)

## Title 13. State-Operated Financial Programs

### Subtitle 11. Heritage Areas

#### Section 13-1116

(a) The bonds of any issue shall be payable solely from the property or receipts of the Authority, including without limitation:

  (1) Fees, charges, or other revenues payable to the Authority;

  (2) Payments by financial institutions, insurance companies, or others pursuant to letters or lines of credit, policies of insurance, or purchase agreements;

  (3) Investment earnings from funds or accounts maintained under a bond resolution or trust agreement;

  (4) Proceeds of refunding bonds; and

  (5) Any other source authorized by law.

(b) The bonds do not constitute a debt, liability, or pledge of full faith and credit of the State and may not be deemed to constitute a debt, liability, or pledge of the full faith and credit of the State.

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Md. Code Ann., Fin. Inst. (as displayed at mgaleg.maryland.gov, October 16, 2026)